Bhuvana transferred the rental income of ₹1,20,000 p.m. to Sneha during the previous year 2021-22 but she did not transfer the property in the name of Sneha. As per provision of the Income Tax Act, 1961, the rental incom
CS Executive · Tax Laws · PYQS · June 2022
Bhuvana transferred the rental income of ₹1,20,000 p.m. to Sneha during the previous year 2021-22 but she did not transfer the property in the name of Sneha. As per provision of the Income Tax Act, 1961, the rental income will be taxed in the hands of __________ for the Assessment Year 2022-23.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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